New Initiative Aims to Strengthen Investor Trust and Reduce Deal Failures
The National Association of Professional Sourcing Agents (NAPSA) has officially partnered with SPV Mortgages in a move set to reshape the property sourcing finance process in the UK.
Together, the organisations are launching a one-year pilot scheme that allows sourcing agents to assess the finance-ability of deals before presenting them to investors—a step that could notably reduce the number of deals lost due to mortgage issues.
Securing finance has long been a stumbling block for sourcing professionals, often leading to collapsed deals and unnecessary delays. This pilot programme introduces a structured system to provide agents with preliminary financial assessments, helping them present well-supported, fundable deals.
The step-by-step process includes:
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Deal submission via a dedicated NAPSA form.
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Finance review by SPV Mortgages and its lending partners.
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Clarity on mortgage potential shared directly with agents.
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Data capture to identify patterns in deal finance success and failure.
This service is exclusively available to NAPSA members at no additional cost, offering them a powerful tool to boost deal reliability and client confidence.
Tina Walsh, NAPSA’s Founder and CEO, commented:
“Finance is a critical component of getting deals over the line, and often causes major headaches when deals fall through due to finance being declined.
“Our partnership with SPV Mortgages is a game change for the property sourcing sector – we can start to learn and understand what may cause finance blockages or even failures, and what succeeds! This collaboration is not only about improving standards for the sector, but also about ensuring our professional sourcing agents have the tools to succeed in their business.”
Jonathan Veers, Founder of SPV Mortgages, added:
“Off-market property presents unique financing challenges for investors and sourcers to overcome. Lenders frequently look upon private property deals with suspicion, and misunderstand the value of today’s sourcing agents in delivering professional results to investors.
“At SPV Mortgages, we’re experienced in connecting our clients with off-market friendly lenders who can help make any property transaction run smoothly. Working with Tina Walsh at NAPSA, we’ve been able to open doors which have previously remained closed to property sourcing agents.”
Aligned with NAPSA’s mission to promote compliance, professionalism, and investor confidence, the pilot programme will only be open to vetted NAPSA members. This approach safeguards industry standards and ensures meaningful insights are drawn from a trusted pool of property professionals.
For further details or to register interest in the scheme, visit: www.napsa.org.uk/spv-mortgages-finance-property
